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It is difficult to assess the 2021 United Nations Climate Change Conference, commonly referred to as COP26, and the resulting Glasgow Climate Pact as anything other than a failure.

Yes, it is the first U.N. climate agreement that explicitly targets fossil fuels, and coal in particular, as driving climate change. It recognizes that significant — near 50% — cuts in emissions over the next decade are required to hit the increasingly urgent goal of capping global warming at 1.5 degrees Celsius above preindustrial levels. It produced new pledges on carbon trading, coal finance, deforestation and methane gas pollution.

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